12-2615.Uninsured risks; payment of;
funds.
(a) The governing body of any city, county or school district
may
pay the costs relating to any uninsured loss. The governing body of a city
or county may pay such costs from the risk
management reserve fund of the city or county.
The board of education of any school district may pay such costs from the
special reserve fund of the district.
The
resolution establishing
such risk management reserve fund shall prescribe the purposes
for which moneys in the fund may be used, and any expenditure therefrom
shall require the approval of the governing body. Moneys may be paid into
such risk management reserve fund or special reserve fund from any
source which may be
utilized for such purposes, including transfers from the general fund, from
any special liability expense fund established in accordance with the
provisions
of K.S.A. 75-6110, and amendments thereto, or from any other fund or
grant program account
of the governmental unit in reasonable proportion to the estimated cost
of self insuring the risk losses covered by such funds. Such funds
shall not be subject to the provisions of K.S.A. 79-2925 through
79-2937, and amendments thereto. In making
the budget of such city, county or school district, the amounts credited
to and the amount on hand in such reserve fund, and the amount expended
therefrom, shall be included in the annual budget for the information of
the residents. Interest earned on the investment of moneys in such reserve
fund shall be credited to such fund.
(b) If the governing body of any city, county or school district
determines on an actuarial basis that money which has been
credited to such
fund, or any part thereof, is no longer needed for the purposes for which
it was established, the governing body may transfer such
amount not needed
to the funds or accounts from which the money was received. Any money so
transferred shall be budgeted in accordance with the provisions of K.S.A.
79-2925 through 79-2937, and amendments thereto.
History: L. 1980, ch. 145, § 2;
L. 2003, ch. 116, § 4; July 1.
12-2615.Uninsured risks; payment of;
funds.
(a) The governing body of any city, county or school district
may
pay the costs relating to any uninsured loss. The governing body of a city
or county may pay such costs from the risk
management reserve fund of the city or county.
The board of education of any school district may pay such costs from the
special reserve fund of the district.
The
resolution establishing
such risk management reserve fund shall prescribe the purposes
for which moneys in the fund may be used, and any expenditure therefrom
shall require the approval of the governing body. Moneys may be paid into
such risk management reserve fund or special reserve fund from any
source which may be
utilized for such purposes, including transfers from the general fund, from
any special liability expense fund established in accordance with the
provisions
of K.S.A. 75-6110, and amendments thereto, or from any other fund or
grant program account
of the governmental unit in reasonable proportion to the estimated cost
of self insuring the risk losses covered by such funds. Such funds
shall not be subject to the provisions of K.S.A. 79-2925 through
79-2937, and amendments thereto. In making
the budget of such city, county or school district, the amounts credited
to and the amount on hand in such reserve fund, and the amount expended
therefrom, shall be included in the annual budget for the information of
the residents. Interest earned on the investment of moneys in such reserve
fund shall be credited to such fund.
(b) If the governing body of any city, county or school district
determines on an actuarial basis that money which has been
credited to such
fund, or any part thereof, is no longer needed for the purposes for which
it was established, the governing body may transfer such
amount not needed
to the funds or accounts from which the money was received. Any money so
transferred shall be budgeted in accordance with the provisions of K.S.A.
79-2925 through 79-2937, and amendments thereto.
History: L. 1980, ch. 145, § 2;
L. 2003, ch. 116, § 4; July 1.
12-2615.Uninsured risks; payment of;
funds.
(a) The governing body of any city, county or school district
may
pay the costs relating to any uninsured loss. The governing body of a city
or county may pay such costs from the risk
management reserve fund of the city or county.
The board of education of any school district may pay such costs from the
special reserve fund of the district.
The
resolution establishing
such risk management reserve fund shall prescribe the purposes
for which moneys in the fund may be used, and any expenditure therefrom
shall require the approval of the governing body. Moneys may be paid into
such risk management reserve fund or special reserve fund from any
source which may be
utilized for such purposes, including transfers from the general fund, from
any special liability expense fund established in accordance with the
provisions
of K.S.A. 75-6110, and amendments thereto, or from any other fund or
grant program account
of the governmental unit in reasonable proportion to the estimated cost
of self insuring the risk losses covered by such funds. Such funds
shall not be subject to the provisions of K.S.A. 79-2925 through
79-2937, and amendments thereto. In making
the budget of such city, county or school district, the amounts credited
to and the amount on hand in such reserve fund, and the amount expended
therefrom, shall be included in the annual budget for the information of
the residents. Interest earned on the investment of moneys in such reserve
fund shall be credited to such fund.
(b) If the governing body of any city, county or school district
determines on an actuarial basis that money which has been
credited to such
fund, or any part thereof, is no longer needed for the purposes for which
it was established, the governing body may transfer such
amount not needed
to the funds or accounts from which the money was received. Any money so
transferred shall be budgeted in accordance with the provisions of K.S.A.
79-2925 through 79-2937, and amendments thereto.
History: L. 1980, ch. 145, § 2;
L. 2003, ch. 116, § 4; July 1.